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DBRS confirms ratings of Coast Capital Savings CU

DBRS confirmed the ratings of Surrey, British Columbia-based Coast Capital Savings CU, with a stable trend.

The rating agency confirmed the credit union's BBB (high) long-term issuer and senior debt ratings, R-1 (low) short-term issuer and instruments ratings, and BBB subordinated debt rating.

The credit union's support assessment remains at SA2, reflecting DBRS' "expectation of timely systemic external support from the Province of British Columbia."